Double decker
Grant’s Current Yield Podcast
Grant's Financial Publishing, INc.
4.6 • 693 Ratings
🗓️ 23 May 2019
⏱️ 39 minutes
🧾️ Download transcript
Summary
A super-sized episode. Jim, Evan and Phil discuss the latest financial happenings. Sabrina Fox, executive advisor of ELFA Investor Group, details the challenges awaiting creditors in Europe’s loan and high-yield debt markets.
@freewheelingfox
https://www.linkedin.com/in/sabrina-fox-45b29b7b/
https://elfainvestors.com/
1:12 Unicorns: Where’s the beef?
11:06 This Compass points away from the profits
15:38 European credit, a bird’s-eye view
23:02 Covenant erosion on either side of the Atlantic
29:33 Information asymmetry and liquidity in the secondary market
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Transcript
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| 0:00.0 | Ladies and gentlemen, welcome to Current Yield, the Grants Interest Rate Observer Podcast. |
| 0:09.1 | I am Jim Grant, and with me as always, Eric Whitehead, our engineer, the controls the great |
| 0:14.1 | Evan Lorenz deputy editor of Grants, and Phil Grant, the editor of Almost Daily Grants. |
| 0:18.8 | Today being one of those almost days. We're not publishing |
| 0:21.3 | ADG today because basically Phil doesn't feel like it is short of it. And with us today, |
| 0:26.9 | joining us presently will be Sabrina Fox, who is an authority on leverage finance and who is, |
| 0:33.1 | I think, the founder of an organization called Alpha Exco, which wants to stand up for investors in |
| 0:39.5 | leverage loans and junk bonds and other such things, high yield debt. And you're a principally |
| 0:43.5 | no, Evan, I think that's the case. Yes. Yeah. So she'll be journeying us in a moment and what |
| 0:47.7 | would be most welcoming to her because she knows stuff. Did I mention gentlemen, today we have |
| 0:52.3 | sponsors? This is every podcast of which there are, I think a few, gentlemen, today we have sponsors? This is, you know, every podcast of |
| 0:55.2 | which there are, I think a few, need sponsors. And we have two. And there we thank them. One is |
| 0:59.9 | Pitney Bowes, who is going to tell us, we're going to tell them about SendPro. And you too, |
| 1:05.1 | send pro online for Petty Bowes and ZipRecruiter.com. So Evan, remember the commercial called for Wendy's baby? And the tagline |
| 1:13.3 | was, Where's the Beef? Yeah, I remember that. All right. Do we not have an analog today in our |
| 1:18.3 | financial affairs? Yeah, all the meatless companies seem to be getting higher and higher valuations. |
| 1:22.7 | Yeah, I mean, there's so much about this contemporary world that I must say eludes me. We have in our family, a near vegetarian. And from time to time, we serve meatless hamburgers. They're in inventory in the fridge. Right. And Phil, without naming names or without making unwanted editorial comments, you ever taste one of these? |
| 1:45.4 | No, I can safely withdraw myself from contention. |
| 1:49.2 | So we know nothing about it. |
| 1:50.6 | I am a reformed vegetarian. |
| 1:52.2 | I've actually eaten these. |
| 1:53.5 | They're okay, but I mean, if you have the choice between like a hamburger or like a Beyond |
... |
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